Apr. 26, 2021
Hi, There is what looks like incorrect text on page 14 of the SR-NSCC-2021-005 document. Specifically, it looks like the second mention of the $250,000 in the following sentence is incorrect and should have in fact said $10,000. Please verify whether this is the case and apply any corrections if required. What you wrote: Second, the proposed changes are designed to address risk. Backtesting results indicate that deficiencies that occurred for Members with a Required Fund Deposit lower than $250,000 accounted for 22% of the total backtesting deficiencies, while Members that maintained a Required Fund Deposit lower than $250,000 constituted approximately 45% of the Members that fell below the 99% confidence target during the Impact Study Period. What you meant? Second, the proposed changes are designed to address risk. Backtesting results indicate that deficiencies that occurred for Members with a Required Fund Deposit lower than $250,000 accounted for 22% of the total backtesting deficiencies, while Members that maintained a Required Fund Deposit lower than $10,000 constituted approximately 45% of the Members that fell below the 99% confidence target during the Impact Study Period. -- Regards, Leonidas Georgiou Product Manager